Quote by Henry Hazlitt on Wealth Redistribution and Incentives

„Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.“

Henry HazlittHenry Hazlitt warns that government redistribution stifles incentives and can lead to general impoverishment.
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Henry Hazlitt was an American economic journalist and philosopher, known for his clear analyses of economic issues.

Henry Hazlitt criticizes government redistribution as detrimental to incentives and warns of impoverishment.


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Henry Hazlitt quote about wealth redistribution, productive incentives, and economic prosperity

Henry Hazlitt (1894–1993) was an American journalist, economist, and philosopher. He authored numerous books and articles advocating free-market economics. Hazlitt is best known for his book "Economics in One Lesson," which presents economic principles in an accessible way.

Henry Hazlitt quote image about private enterprise and economic growthCopyright © yoice.net – Quote Artwork
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"The surest way for a poor nation to stay poor is to harass, hobble, and straitjacket private enterprise or to discourage or destroy it by subsidized government competition, oppressive taxation, or outright expropriation." Henry Hazlitt
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Walter Lippmann quote about income distribution and economic efficiencyCopyright © yoice.net – Quote Artwork
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"A better distribution of incomes would increase that efficiency by diverting a great fund of wealth from the useless to the useful members of society. To cut off the income of the useless will not impair their efficiency. They have none to impair. It will, in fact, compel them to acquire a useful function." Walter Lippmann
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Hans-Hermann Hoppe quote about the impoverishing effects of socialism in the United StatesCopyright © yoice.net – Quote Artwork
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"All the impoverishing effects of socialism are with us in the U.S.: reduced levels of investment and saving, the misallocation of resources, the overutilization and vandalization of factors of production, and the inferior quality of products and services." Hans-Hermann Hoppe
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Hans-Hermann Hoppe quote about taxation, productivity, and capitalized productionCopyright © yoice.net – Quote Artwork
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"Contrary to any claim of a systematically “neutral” effect of taxation on production, the consequence of any such shortening of roundabout methods of production is a lower output produced. The price that invariably must be paid for taxation, and for every increase in taxation, is a coercively lowered productivity that in turn reduces the standard of living in terms of valuable assets provided for future consumption. Every act of taxation necessarily exerts a push away from more highly capitalized, more productive production processes in the direction of a hand-to-mouth-existence." Hans-Hermann Hoppe
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